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1

The Next Big Turn

Collective Introduction

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notes

J. Calhoun, C. et al (2013). The Next Big Turn. In J. Calhoun, C. et al Does Capitalism Have a Future?. Oxford University Press, pp. 1-8

7

Capitalism is not a physical location like royal palace or financial district to be sized by a revolutionary crowd or confronted through an idealistic demonstration. Nor is it merely a set of "sound" policies to be adopted and connected, as prescribed in the business editorials. It is an old ideological illusion of many liberals and Marxists that capitalism simply equals wage labour in a market economy. Such was the basic belief of the twentieth century, on all sides. We are now dealing with its damaging consequences. Markets and wage labor and existed long before capitalism, and social coordination through markets will almost surely outlive capitalism. Capitalism, we contend, is only a particular historical configuration of markets and state structures where private economic gain by almost any means is the paramount goal and measure of success. A different and more satisfying organization of markets and human socety may yet become possible.

—p.7 by Craig J. Calhoun, Georgi Derluguian, Immanuel Wallerstein, Michael Mann, Randall Collins 2 years, 4 months ago

Capitalism is not a physical location like royal palace or financial district to be sized by a revolutionary crowd or confronted through an idealistic demonstration. Nor is it merely a set of "sound" policies to be adopted and connected, as prescribed in the business editorials. It is an old ideological illusion of many liberals and Marxists that capitalism simply equals wage labour in a market economy. Such was the basic belief of the twentieth century, on all sides. We are now dealing with its damaging consequences. Markets and wage labor and existed long before capitalism, and social coordination through markets will almost surely outlive capitalism. Capitalism, we contend, is only a particular historical configuration of markets and state structures where private economic gain by almost any means is the paramount goal and measure of success. A different and more satisfying organization of markets and human socety may yet become possible.

—p.7 by Craig J. Calhoun, Georgi Derluguian, Immanuel Wallerstein, Michael Mann, Randall Collins 2 years, 4 months ago